EURCHF Technical Analysis, Trading Signals and Price Forecast

EURCHF Technical Analysis, Trading Signals and Price Forecast

EURCHF Technical Analysis

EURCHF Technical Analysis: Weekly Chart

EURCHF Technical Analysis

In the weekly charts, EURCHF is trading below its previous upward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1.00235 and the resistance level is at 1.03330

EURCHF is trading below and outside its previous upward channel until there is a trend reversal.

EURCHF Technical Analysis: Daily Chart

EURCHF Technical Analysis

In the daily charts, EURCHF is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1.00625 and the resistance level is at 1.01370

EURCHF is trading in a downward channel until there is a trend reversal.

How to trade EURCHF this week:

EURCHF is trading outside and below its previous upward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 0.99705, TAKE PROFIT AT 0.97765, AND STOP-LOSS AT 1.01235

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